Axway: acquisition of Sopra Banking Software finalized

(CercleFinance.com) - Axway announces the successful completion of its acquisition of Sopra Banking Software, enabling it to "become one of France's leading enterprise software vendors, with leading positions in the banking and financial services industries".


The company adds that the integration of the two entities has now begun, with the end of 2024 and the beginning of 2025 expected to be decisive in the ramp-up of the new group and the achievement of the expected cost optimizations.

The inclusion of Sopra Banking Software in the scope of consolidation is effective today, and on this basis, Axway has set itself 2024 targets of sales of around 460 million euros, and an operating margin of between 13 and 17%.

By 2027, it is aiming for sales in excess of 750 million euros, and an operating margin in excess of 17%. By 2028, the Group is aiming for operating income representing over 20% of sales.

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